Originally Posted by
silverblizzard888
These guys just announced a estimate of reasonable earnings coming through. Salt funds is just managing their positions and reducing accordingly since it has basically doubled in the space of a week. If this was a stock that wasn't making much in the way of earnings then I'd see it falling and see where it could be a dead cat bounce, but this is a material announcement they just made. Many people are sitting on huge profits so they are selling down, though 18-20 cents isn't likely or else it'd end up being too much of a bargain not to buy in to. Turnaround going smoothly and three new centers about to open.
Also end of last year Chris Scott the former Managing Director of G8 Education came on board, this is where the smart money is. For anyone who doesn't know G8 Education you should go read up on this ASX company, beautiful story that became an Australian market darling.